Technical analysis by HaydenOtto about Symbol ETH: Buy recommendation (11/10/2023)

Ascending triangle breakup, on Blackrock ETF news, with target of approximately $2900-3000 based upon 1.61% fib level. In addition, on the weekly timeframe when looking at the Ichimoku cloud, an edge-to-edge trade has activated and it points to the same target. ETHBTC chart bounced off support at 0.05 and is heading for upper resistance of a multi year wedge formation. Stop loss at $1900.Cautiously monitoring this wedge pattern that has now made itself apparent. Might secure profit and look for re-entry later if it begins showing signs of weakness.